Why Get a Pawn Loan?
What is a Pawn Loan? Why is it a good option?
Feeling strapped before payday? Is this your first time at a pawn store? Do you need cash now with no credit check required?
A pawn loan from Collateral Lenders may be your solution. If you’ve never received a loan from a pawn store before, hereʼs how it works:
Getting a loan is easy. A pawn loan, also known as a collateral loan, is based on an item of value. Pawn loans are convenient, easy, and never affect your credit.
Our goal is to lend you what you need. Bring in any item of value; such as jewelry, electronics, musical instruments, or silver flatware, along with your government issued ID. From there, our lending experts will see if the fair value of your items support the cash you need.
Once we determine a loan amount acceptable to you, it is only a matter of minutes before you are able to leave with the cash you need. We will safely store your items until you are ready to pick them up.
Our interest rates are determined by the State of Mississippi, and often cost less than a bounced check or late bill fee.
And at the end of the loan period, if you are not in a position to pay back the loan – no problem – you may either just pay the interest and extension to pay off the loan or you can go about your business and have no further obligation to Collateral Lenders. Either way, we will not make a report to any credit agency.
Contact Collateral Lenders today to learn more about why thousands of people like you have found that a pawn loan is an affordable and convenient way to meet their short-term cash needs.